Powell Hits The Brakes After 10 Straight Interest Rate Increases, But Fed Signals More Hikes Coming This Year
The Federal Reserve held the fed funds rate unchanged at 5%-5.25% on Wednesday, as predicted by the market,…
FOMC Rate Decision Full Text
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230614a.htmRecent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the
‘Trump’s Truth Social Troubles’ – Axios
https://www.axios.com/2023/06/14/trumps-truth-social-troubles When former President Trump in October 2021 agreed to merge his fledgling social media company with a SPAC, it made tons of sense.State of play: Fifteen
‘New Bipartisan Bill In Senate Could Address TikTok Security Concerns Without A Ban’ – CNN
https://www.cnn.com/2023/06/14/tech/bipartisan-senate-bill-tiktok-export-controls/index.html Five US senators are set to reintroduce legislation Wednesday that would block companies including TikTok from
Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed’s Interest Rate Decision
U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped…
June Fed Meeting: How Could Markets React To The Rate Decision And Powell’s Comments?
The long-awaited Federal Reserve meeting has finally arrived. The Federal Open Market Committee (FOMC) will announce its interest…
5 Commodity ETFs To Watch When PPI Inflation Data Drops Wednesday
Producer Price Index (PPI) inflation data for May, to be released on Wednesday, June 14, will set the…
‘Judge Denies Media Request To Allow Cameras At Donald Trump Hearing’ – UPI
https://www.upi.com/Top_News/US/2023/06/13/miami-donald-trump-courtoom-media-blocked/2611686668422/?utm_source=dlvr.it&utm_medium=twtA Florida judge denied a request to allow cameras, photographers and media groups
Energy-Driven CPI Drop In May Contrasts With Persistent Core CPI: 5 Economists Speculate On Fed’s Next Move
The inflation rate dropped faster than expected in May, coming in at 4% year-on-year against the 4.1% forecasted, and…
Fed’s Tug of War: June’s Pause Masks The Challenges Of A Tricky Balancing Act
Back in March 2022, the Federal Reserve embarked on an unprecedented interest rate hiking cycle, aiming to quell…